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Europe close: Shares up as dire PMI's lift hopes of rate pause
European shares closed higher on Wednesday, as a survey showing eurozone services and manufacturing activity fell faster than thought in August, especially in Germany, giving traders some hope that the European Central Bank may pause its rate-hike cycle next month.
FTSE 250 movers: Ithaca down on production forecast; Rotork gains
Ithaca Energy said it expected lower production levels next year in response to the UK government's windfall tax, despite reporting a strong rise in first half profits as higher production and falling costs offset lower oil and gas prices.
Ithaca sees lower production in 2024 due to UK govt windfall levy
Ithaca Energy said it expected lower production levels next year in response to the UK government's windfall tax, despite reporting a strong rise in first half profits as higher production and falling costs offset lower oil and gas prices.
Europe midday: Poor PMI data gives ECB pause for thought
European shares held gains on Wednesday, as a survey showing eurozone services and manufacturing activity fell faster than thought in August, especially in Germany, giving traders some hope that the European Central Bank may pause its rate-hike cycle.
Eurozone Aug business activity contracts at faster pace - flash PMI
Eurozone business activity contracted at an accelerating pace in August as the region’s downturn spread further from manufacturing to services, according to PMI survey data published on Wednesday.
UK's Ofgem fines Morgan Stanley £5.4m for WhatsApp breaches
UK energy regulator Ofgem has fined the US bank Morgan Stanley more than £5. 4m after its energy traders used WhatsApp to talk about transactions.
Europe open: Shares make solid start despite weak German PMI data
European stock markets made a solid start to trading on Wednesday, as investors awaited eurozone PMI survey data and earnings from US tech giant Nvidia.